The central board of Direct Taxes has extended time to submit ITR-V for the Financial Year 2009-2010 or Assessment Year 2010-11 up to 31st July, 2011. Now,
"In exercise of its powers under section 119(2)(b) of the Income Tax Act, 1961 , the Central Board of Direct Taxes hereby extends the time for filling ITR-V forms relating to income-tax returns for A.Y. 2010-11 filed electronically (without digital signature) on or after 1st April,2010. These ITR-V forms can now be filed upto 31st July,2011 or within a period of 120 days from the date of uploading of the electronic return data whichever is later. This direction is issued to mitigate the hardship and grievances of the tax payers who have been prevented by reasonable causes to tile the ITR-V in time.
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